\\ \textit{Panel B: 2SLS}
                    &         (1)        &         (2)        &         (3)        &         (4)        &         (5)        &         (6)        &         (7)        &         (8)        &         (9)        &        (10)        \\
\midrule
Rail (5km)          &       0.579$^{***}$&       0.170$^{**}$ &       0.376$^{***}$&       0.373$^{***}$&       0.167$^{***}$&       0.584$^{***}$&       0.167$^{***}$&       0.585$^{***}$&       0.064$^{***}$&       0.076$^{***}$\\
                    &     (0.178)        &     (0.080)        &     (0.126)        &     (0.136)        &     (0.056)        &     (0.206)        &     (0.055)        &     (0.206)        &     (0.017)        &     (0.029)        \\
Municipality FE     &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        \\
Region FE$\times$Year FE&         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        \\
Local Geography$\times$Year FE&         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        \\
Pre-Rail Controls$\times$Year FE &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        \\
\addlinespace[0.1cm]
First-Stage F-stat  &       26.48        &       26.48        &       26.48        &       26.48        &       26.48        &       26.48        &       26.48        &       26.48        &       26.48        &       26.48        \\
Observations        &       18152        &       18152        &       18152        &       18152        &       18152        &       18152        &       18152        &       18152        &       18152        &       18152        \\
Mean dep. var.      &       0.095        &       0.021        &       0.081        &       0.034        &       0.021        &       0.095        &       0.020        &       0.096        &       0.014        &       0.024        \\
\bottomrule
